Thursday, 24 May 2012

Asia Summary - 24 May 2012

Asian stocks dropping overnight (MSCI Asia Pacific down 0.6%) after a survey in China showed manufacturing may decline for a 7th month. Commodities bounced back seeing Oil climb 0.5% and Copper adding the same. Chancellor Angela Merkel reported that Germany has huge difficulties with France’s call for joint borrowing by Euro governments. Dow closing up 1.07% and the S&P gaining 1.21% after SA futures close.




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